Suburban Propane Partners, L.P. Announces New Quarterly Dividend
Suburban Propane Partners, L.P. Declares Quarterly Distribution
Suburban Propane Partners, L.P. (NYSE: SPH) has recently made headlines with its declaration of a quarterly distribution of $0.325 per Common Unit. This distribution is for the three months ending June 28, 2025. This decision by the Board of Supervisors reflects Suburban Propane's ongoing commitment to providing value to its investors.
Distribution Details and Implications
This declared distribution rate is equivalent to an annualized rate of $1.30 for each Common Unit. The payment will be made on August 12, 2025, to all Common Unitholders recorded as of August 5, 2025. Such distributions are a key component of investor returns and reflect the company’s healthy financial management.
It is noteworthy that this announcement also serves as a qualified notice to brokers and nominees regarding the tax implications of the distribution. Notably, the distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate.
Overview of Suburban Propane Partners, L.P.
Suburban Propane Partners, L.P. has established itself as a leading name in the energy sector. Founded in 1928, it has built a solid reputation specializing in propane distribution and a variety of energy solutions. The company operates across 42 states, serving about 1 million customers in residential, commercial, governmental, industrial, and agricultural sectors.
With approximately 700 locations scattered throughout the country, Suburban Propane delivers not just propane, but also renewable energy solutions, including renewable propane, fuel oil, and natural gas, to meet diverse customer needs.
Core Values and Community Commitment
The company thrives on three foundational pillars that define its commitment to service and sustainability. The first, known as Suburban Commitment, emphasizes nearly a century of reliability and excellence in customer service. This legacy is vital as it continuously showcases Suburban Propane's commitment to dependability.
The second pillar, SuburbanCares, reflects the company’s dedication to giving back to the communities it serves. This initiative highlights ongoing efforts to engage with and support local communities, fostering strong relationships and brand loyalty.
The third pillar, Go Green with Suburban Propane, advocates for the clean-burning nature of propane and renewable propane, reinforcing the role of such resources in a sustainable energy future. The company is actively investing in innovative alternatives to foster a greener environment.
Looking Ahead: Future Endeavors of Suburban Propane
As Suburban Propane Partners, L.P. continues its journey, its focus remains on balancing corporate success with environmental stewardship. The shift towards renewable energy sources shows promise as they adapt to evolving market dynamics and customer preferences. With ongoing investments in low carbon fuel alternatives, the company is positioning itself to be a leader in energy solutions that contribute positively to the planet.
The future looks bright for Suburban Propane as it navigates the challenges and opportunities within the energy sector. Investors can expect steady growth backed by a commitment to sustainability and community engagement, enhancing the overall customer experience.
Frequently Asked Questions
What is the declared quarterly distribution for Suburban Propane?
The declared quarterly distribution for Suburban Propane Partners, L.P. is $0.325 per Common Unit.
When will the distribution be payable?
The distribution will be payable on August 12, 2025.
What will be the annualized rate of the distribution?
The annualized rate of the distribution is $1.30 per Common Unit.
How does Suburban Propane contribute to sustainable practices?
Suburban Propane focuses on promoting renewable energy solutions and investing in low carbon fuel alternatives to support sustainability.
How many customers does Suburban Propane serve?
Suburban Propane serves approximately 1 million customers across residential, commercial, governmental, industrial, and agricultural sectors.
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